/ Technology

The payment processor for hundreds of thousands of merchants was out of commission for 12 hours at the start of the Fourth of July weekend because of a fire in its Seattle office building, parent CyberSource says.

The paymentprocessor for hundreds of thousands of merchants was out of commission for 12 hours at the start of the Fourth of July weekend because of a fire in its Seattle office building, parent CyberSource says.

/ Marketing

Intuit Inc., a provider of business and financial management solutions for small to mid-size merchants, will pay $131 million in cash to buy Electronic Clearing House Inc., a processor of Internet and automated clearinghouse payment transactions.

/ Technology

TransFirst, a provider of credit card processing services and payment technologies, has named Michael Phelan president of its ePayment Services division. He had been the division’s vice president of sales.

TransFirst, a provider of credit card processing services and payment technologies, has named Michael Phelan president of its ePayment Services division. He had been the division’s vice president of sales.

/ Technology

Palamon Capital Partners, a European mid market private equity firm, has acquired fraud management company and payment processor Retail Decisions plc for £200 million. Retail Decisions had been a public company but will now be private.

Palamon Capital Partners, a European mid market private equity firm, has acquired fraud management company and paymentprocessor Retail Decisions plc for £200 million. Retail Decisions had been a public company but will now be private.

/ Technology

The company, which offers online payment processing and risk management, reported record revenue of $62.3 million for Q4. For the full year, revenue increased 96% to $229 million, reflecting the late 2007 purchase of online payment gateway Authorize.net.

The company, which offers online payment processing and risk management, reported record revenue of $62.3 million for Q4. For the full year, revenue increased 96% to $229 million, reflecting the late 2007 purchase of online payment gateway Authorize.net.